Ethereum surpassed $1,200 on Saturday. Headed back to the cryptocurrency market to start the weekend. Following recent deficits, the global cryptocurrency market capitalization is 1.91% higher at the time of writing. Bitcoin has also returned to green.
Bitcoin
Bitcoin (BTC) edged higher to start the weekend as prices approached key resistance levels. I was.
Following Friday’s low of $16,456.65,BTC/USD climbed to an intraday high of $16,666.86 early in today’s session.
The move brought the world’s largest cryptocurrency close to the $16,800 cap, which was finally reached on November 18th.
chart, the surge on Saturday saw the token at 41.00 relative strength You have reached the upper limit of the index (RSI).
At the time of writing the index is tracking 40.00. This is loweringBTC following a previous failed breakout attempt.
Bitcoin is currently trading at $16,614.71.
Ethereum
Ethereum (ETH) rose more than 3% on Saturday as tokens surpassed and rose to the $1,200 level.
ETH/USD peaked at $1,222.81 to start the weekend within 24 hours of bottoming out at $1,184.87.
Today’s rally came as the token broke through his $1,180 key resistance level.
Price strength also broke through the ceiling as can be seen from the chart. The RSI has crossed the hurdle at 43.50 points.
In addition to this, the 10-day (red) moving average has completely shifted momentum and the trendline is no longer downwards.
The bulls are likely waiting for more momentum to shift before joining the bullish pressure. Analytics updates sent to your inbox:
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